Boulder Hotel Co Sells 559-Room Florida Hospitality Portfolio
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Boulder Hotel Co., LLC sold a six-property hotel portfolio spread across Southern and Central Florida markets to American Hotel Income Properties REIT (AHIP) for $ 61 million, or about $ 109,000 per unit, excluding roughly $ 10.6 million for brand-mandated property improvement plans (PIP) and customary closing and post-acquisition adjustments. Totaling more than 330,837 square feet in Tampa, Orlando and Southwest Florida markets and near major transportation…
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